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20121027
20121104
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. it was taken over by obama in the meantime. the a bomb administration picking up for bush came up with a deal to save three companies, general motors, chrysler and delphi. what is delphi? delphi is the old telco auto parts division of gm. you know delco batteries. we had gm that desperate to cut off its own parts and set off delphi as a separate company which immediately pretty quickly went bankrupt. well, down went the vulture's and they pick.delphi corp. out of bankruptcy court for 67 cents, a darned good deal for the entire auto parts division of general motors. 67 cents a share. within two years they flipped it. they went public at $22 a share. share. that is it 3200% prophet that they weren't done. they weren't done. delphi had 29 plans in the u.s. and the delphi group sold it back to gm and the rest, every single plant was sold, was sent off to china. every single uaw job, everyone, 25,200 uaw workers including -- i got a call from michael moore. his dad had the delphi plant and flint michigan. every job sent to china, every one. now that was not the plan. obama's administration came up
another continuing resolution used to fund the governments, the obama administration had not passed a budget was coming up. the republicans, the republican leaders believe it was an easy vote, and their own members voted against it. and the appropriations committee , which designs these continuing resolutions and all other spending bills was serious and they insisted on meeting with the. they said, you need to punish these members. we are the ones being punished. were doing everything you want us to do, cutting spending, and these guys still one vote for it. any to fall in line. and he said family can't do that anymore. it will make mars of the. >> so they don't feel like they're in a position to lead on matters of the debt ceiling or anything else. >> in fact, i think it is interesting. this fall but has been devoted to a the debt ceiling. specifically, you know, long magazine stories to the so-called grand bargain between the speaker and obama that fell apart. from my standpoint all of that is when and sales, with all due respect to the authors of those stories and books because t
the election of the obama administration and in your book you talk about the complicity of the obama administration in causing what happened. you can do it better than me. >> i think that the great sort of disaster that we have never overcome in the country is the wall street bailout. the financial crisis and the wall street bailout and we still the banks today are bigger than they were before. we haven't put any kind of serious regulation on them. we haven't broken them up. and, you know, we're dealing with, you know, regulation that are totally inadequate for the guys still. and i think this is allowing this to happen, and remember, it was one of the first it was hanging over the country's head when barack obama was sworn in as president, and his first move in office were to signal continuity with the bush administration, with hank paulson, by the way, and, you know, i don't know if president bush is here, but -- [laughter] but the bank bailout are one of the , i mean, this is the great outrage of our time inspect is what launched the tea party movement. this is what launched occup
Search Results 0 to 2 of about 3